Fortress Skips Dividend For Eighth-Straight Quarter

Jun 24 2010 | 7:16am ET

If something doesn’t change for two whole years, is it still news?

News or not, Fortress Investment Group said it won’t pay a second-quarter dividend. The alternative investments giant has not paid a dividend to investors since the second quarter of 2008.

As with the previous seven quarters, Fortress said it would hold onto the capital that would have otherwise paid the dividend “for potential future investment opportunities and for working capital purposes.”

New York-based Fortress, which manages about $32 billion, posted a first-quarter loss, but saw the performance of its funds and its fee income rise sharply.


In Depth

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note